Financial Statements 2009 - Manutencoop

Accounting policies and explanatory notes1. Information about the GroupPublication of the consolidated financial statements of the Manutencoop Facility Management Group(the Group or the MFM Group) for the year ended 31 December 2009 was authorised by the ManagementBoard on 23 March 2010.The Group is 71.89% owned by Manutencoop Società Cooperativa, based in Zola Predosa (Bologna),which manages and coordinates its activities. The remaining 28.11% interest is held by investors.1.1 Group activitiesThe Group is active in the supply of integrated facility management services to public and private customers,specialising in buildings, the environment and health sector support.In particular, the MFM Group operates nationwide, providing a broad and coordinated range of integratedservices. These services are designed to rationalise and enhance the quality of activities thatare deemed non-strategic and peripheral by major private groups, public bodies and health sectororganisations.The services provided by the MFM Group are grouped into three principal areas of activity known asStrategic Business Areas (ASA):> facility management (management and maintenance of buildings);> laundering and sterilisation for the health sector;> complementary activities, including Project Management, Energy Management and Building work.These activities are grouped together for two reasons: firstly, they are less significant in volume termscompared with the other activities listed and, secondly, these three activities are managed in a similarmanner that is somewhat different to the approach taken in relation to the facility management andlaundering/sterilisation activities.Facility ManagementFacility Management consists in the optimised provision to users of a range of logistical and organisationalsupport services.The so-called traditional Facility Management services provided by the MFM Group comprise:> cleaning> technical services> landscapingCleaning Services include cleansing and hygiene, sanitation, disinfection, disinfestation and rodentcontrol, and the collection, transportation and disposal of sanitary waste. These services employ thelargest number of persons within the Group.Technical Services, comprises the management, operation and maintenance of building installations(including heating and airconditioning plant, electrical equipment, lifts, fire-prevention and safetyequipment). These activities encompass:Consolidated financial statements as of 31 December 2009 - Accounting policies and explanatory notes - 125